legal risk

Definition

A description of the potential for loss arising from the uncertainty of legal proceedings, such as bankruptcy, and potential legal proceedings.

Use legal risk in a sentence

You need to make sure you know how much legal risk you are taking on and not bite off more than you can chew.

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There was a legal risk involved and I was afraid of doing it and I thought things were going to change for the better.

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In order to reduce legal risk from workmans compensation claims, ABC Company required all their employees to take work place safety training.

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legal rate of interest risk